Toronto Dominion Bank Trims Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Toronto Dominion Bank cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,383 shares of the aerospace company's stock after selling 23,293 shares during the period. Toronto Dominion Bank's holdings in Leidos were worth $6,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Leidos by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock valued at $2,225,784,000 after buying an additional 84,003 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after buying an additional 405,256 shares during the period. Geode Capital Management LLC grew its stake in shares of Leidos by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after buying an additional 27,410 shares during the period. Invesco Ltd. grew its stake in shares of Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after buying an additional 682,532 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Leidos by 8.9% in the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock valued at $273,920,000 after buying an additional 155,481 shares during the period. 76.12% of the stock is owned by institutional investors.

Leidos Price Performance

LDOS stock traded up $0.92 during mid-day trading on Friday, hitting $148.42. The company had a trading volume of 2,289,108 shares, compared to its average volume of 1,242,202. The company has a market capitalization of $19.10 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $145.89 and a 200 day moving average price of $146.29.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.29 EPS. On average, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, June 16th. Leidos's payout ratio is currently 16.10%.

Insiders Place Their Bets

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director now directly owns 20,195 shares of the company's stock, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on LDOS shares. UBS Group raised their target price on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a research note on Tuesday. Wells Fargo & Company lifted their price target on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Truist Financial cut their price target on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $176.46.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.